By Scott Kanowsky
Investing.com -- German industrial output grew by more than expected in September, according to data from the federal statistics office on Monday, as factories churned out more consumer and capital goods despite ongoing supply chain disruptions.
Industrial production in the Eurozone's largest economy expanded by 0.6% during the month, up from a downwardly revised contraction of 1.2% in August and ahead of economists' forecasts for growth of 0.2%.
Undergirding the rise was strength in consumer and capital goods, which saw production tick up by 1.4% and 1.1%, respectively.
However, these increases were offset by a 0.9% month-on-month fall in output in energy-intensive branches of industry.
Supply chain bottlenecks stemming from the war in Ukraine also continued to hamper the country's wider industrial sector, the office said, particularly in processing orders.
Begin trading today! Create an account by completing our form
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.